Home Equity Line of Credit Calculator
Use this calculator to see how much you quality for. Adjust the value of your home and your outstanding loans for a more accurate estimation.
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Definitions
Appraised value of your home
Current appraised value of your home.
Outstanding home loans
Total amount of all outstanding home loan balances, including your first mortgage, second mortgage(s), and any other debt that is secured by your home.
Loan-to-value ratio limit
Loan-to-value ratio limit is the maximum loan-to-value ratio (LTV) your lender will allow. LTV is the percentage of your home's appraised value that is borrowed, including all outstanding mortgages and home equity loans and lines secured by your home. For example, a lender's 80% LTV limit for a home appraised at $400,000 would mean a HELOC applicant could have no more than $320,000 in total outstanding home loan balances. Remember, the $320,000 limit would include all existing loans secured by your home plus your new HELOC.
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